Nordisk Bergteknik AB has a quick ratio of 1.03. It generally indicates good short-term financial strength.
The historical rank and industry rank for Nordisk Bergteknik AB's Quick Ratio or its related term are showing as below:
OSTO:NORB B'
s Quick Ratio Range Over the Past 10 Years
Min: 1.03 Med: 1.4 Max: 2.04
Current: 1.03
During the past 6 years, Nordisk Bergteknik AB's highest Quick Ratio was 2.04. The lowest was 1.03. And the median was 1.40.
OSTO:NORB B's Quick Ratio is ranked worse than 67.81% of 1684
companies
in the Construction industry
Industry Median: 1.28
vs OSTO:NORB B: 1.03
Nordisk Bergteknik AB Quick Ratio Historical Data
The historical data trend for Nordisk Bergteknik AB's Quick Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Nordisk Bergteknik AB's Quick Ratio
For the Engineering & Construction subindustry, Nordisk Bergteknik AB's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nordisk Bergteknik AB's Quick Ratio Distribution in the Construction Industry
For the Construction industry and Industrials sector, Nordisk Bergteknik AB's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Nordisk Bergteknik AB's Quick Ratio falls into.
Nordisk Bergteknik AB Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Nordisk Bergteknik AB's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Nordisk Bergteknik AB (OSTO:NORB B) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Nordisk Bergteknik AB Quick Ratio Related Terms
Thank you for viewing the detailed overview of Nordisk Bergteknik AB's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Nordisk Bergteknik AB (OSTO:NORB B) Business Description
Nordisk Bergteknik AB's business concept is to offer contracting services in infrastructure to the construction mining and construction industries within selected niches in the Nordic countries. It operates in the two business areas of Rock Handling and Foundation Solutions, which in turn are reported in the three financial segments Foundation Sweden, Rock Sweden, and Rock Norway. It generates maximum revenue from the Rock Sweden segment. Its Majority of the revenue comes from Rock Sweden. Geographic areas are Sweden, Norway, Finland, and Other Countries where the majority of revenue comes from Sweden.
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